3721 Eureka Dr, Studio City, CA 91604

Property Description

Carpe Diem -seize the day. Well priced opportunity to take over this mid-construction/almost finished Studio City hills compound offers an unparalleled chance to create incredible value for this breathtaking once in a lifetime estate. Hillside turned FLAT DEVELOPED LOT. Hard part/Specialized work completed. Framing/Rough-ins/Finishes are what is left. Today is your day to create a beautiful homestead for you and your family, and to make money. 3721 and 3717 Eureka-A rare now promontory flat view lot perched off a quiet street, offers an incredible entertainer's dream house, with two cozy and comfortable poolside outbuildings, and a private guest house, too. This exceptional property has recently been appraised for $8,760,000 ("As-Is") and combines the rare trifecta of approved plans, substantial completed work, and irreplaceable location ready for an owner or developer to bring an extraordinary vision to life. Put your preferred finishes and appointments on this extraordinary "top of the world" multi-structure compound estate that has already invested years of creative inspiration and steadfast dedication to secure approved and paid plans from LADBS and the Mulholland Corridor Scenic Review Board, for its architectural beauty and site plans.This cannot be understated: the hard part is done, now the fun part begins! Live in the already completed guest house, or not, while resuming immediate construction on the already completed foundation/framing and retaining walls for the main residence. You will be celebrating your good fortune to live the life here in a greatly expedited time frame. Eureka is a world apart, yet just moments to the best schools, dining and conveniences of vibrant Ventura Blvd! This estate is adjacent to the city's most illustrious private schools Harvard-Westlake, Oakwood, Campbell Hall, and the coveted public education of Carpenter Community Charter School and Walter Reed STEAM Magnet Middle School. It is an amazing opportunity to have these epic 180 degree gorgeous valley views, yet so close to all the major Hollywood studios, the world's best airport (Burbank), the best restaurants and boutique shopping, as well as live in close proximity to Van Nuys' private airport. Set below grade, invisible from the street, with a 7 foot permitted security wall, you have a drive-in 3-car garage with elevator access to the house below, plus an additional 3-car garage behind security gates. Additional features include a Pool and spa, a Pool House, an additional Casita with a Kitchen, plus a separate detached 1500sf Guest House with additional garage space. Everyone can park anywhere they want, and all your guests and staff will also enjoy ample street parking on this comfortably wide street, so unusual for elevated hillside view property. Is there an athlete in the family? There is also a large, flat pad ideal for a pickleball court, sports court or soccer field of grass.View properties like this offer soul-lifting inspiration and soothing serenity. They also sell for huge premiums over the market. Come check out Eureka today be inspired. The larger than life guest house provides a glimpse of the good life that awaits